For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don’t know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? Because they are all trying to debase themselves. It’s a peculiar time in world history.
(I like the site’s motto: “On a long enough timeline the survival rate for everyone drops to zero.”)
On a related theme of currency debasement and government tactics, this book, Currency Wars, looks a gruesomely entertaining read.